You can use the Inventory application to store information about all aspects of inventory materials. You can monitor the storeroom balance of inventory items and tools. You can track the condition of items and the cost of inventory stock, and you can reorder items when stock must be replenished.
You can monitor the use of special order items and stocked items. Vendor information can be stored and items can be reordered promptly when the storeroom balance indicates that the items must be replenished.
You can check the balances of individual items and tools at the bin and lot level for each storeroom. If an item is stored in more than one location, you can view balances for all storeroom locations on one screen.
Use the ABC Analysis area on the Inventory tab to determine the requirement for an item. You can consider the usefulness of the item and determine the financial benefit that would result from investing in an item.